Bequests and Wills
The simplest way to make a Planned Gift is by naming the Foundation in your will. A bequest is a meaningful way to support the Foundation without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will or you can add a codicil at any time. There are several types of bequests:
A specific bequest indicates the amount of cash, securities or other asset you wish to leave to the Foundation. Or it can indicate a specific percentage of the total value of your estate.
A residuary bequest leaves the remaining portion of your estate (or a percentage of the total) after all other bequests have been satisfied.
You can make the Foundation the recipient of a contingency bequest, which takes into account the possibility of a change in your beneficiary’s circumstances. For example, you might leave the Foundation a bequest if another heir predeceases you.
You can make a bequest to the Foundation for a specific dollar amount or percentage of your estate.I give, devise, and bequeath to Stand for Youth™ the sum of dollars ($ X.XX) as an unrestricted gift, to be used at the sole discretion of the Foundation.Or, you can make a bequest for specific assets, such as securities, real estate or personal property. Please be as specific as possible in identifying the property.I give, devise, and bequeath to Stand for Youth™ my [insert description or identifying information of the asset], to be used and/or disposed of, as the Foundation determines, in its sole discretion, for its general purposes.
A Residuary Bequest
You can make a residuary bequest, which gives all or a portion of the residue of your estate to the Foundation after payment of expenses and any specific amounts designated to other beneficiaries.I give, devise, and bequeath to Stand for Youth™ X percent of the rest, residue, and remainder of my estate as an unrestricted gift, to be used at the sole discretion of the Foundation.
A Contingency Bequest
You can make a contingency bequest to the Foundation, which allows you to account for a change in your beneficiary’s circumstances.I give, devise, and bequeath [insert name] X percent of the rest, residue, and remainder of my estate if s/he survives me. If [insert name] does not survive me, I give, devise, and bequeath to the Stand for Youth™ X percent of the rest, residue, and remainder of my estate as an unrestricted gift, to be used at the sole discretion of the Foundation.
Unrestricted & Restricted Gifts
Gifts that do not restrict the Foundation’s use (unrestricted gifts) are especially appreciated by the Foundation and are of more value as they allow the Foundation to channel resources where the needs are the greatest. The Foundation is also grateful for gifts that are designated for a specific purpose that advances its mission (restricted gifts), such as support to a specific initiative or for a specific program. If you are interested in making a restricted gift, it is important that you include the following language to ensure that the Foundation may re-direct the use of your gift if the specified initiative, program, or purpose ceases to need funds in the future: I give, devise, and bequeath to the Stand for Youth™ the sum of _______ dollars ($_____) to be used for the [insert name of Stand for Youth™ program] for so long as the Foundation determines that the need exists. Should the need no longer exist, the Foundation may, in its sole discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.